Other stocks here
MBSS looking sharp with a 15% yield forecast
MBSS Current 1,325 Target 2,302 + 74%
Apr 10, 2022
1 minute read
Sales declined -4%
Last 5 quarters
19% 8% 20% 12% -4%
Costs down profit up
Last 5 quarters
-77% -76% -74% -73% -69%
Cashflow much higher
Last 5 quarters million dollars
5.9, 2.2, 4.0, 4.6, 7.0
Balance sheet lower leverage
Last 5 quarters million dollars
-3, 0, 5, 16, 18
Capital paid improved, a 74% higher target price
Last 5 quarters million dollars
83.8, 88.5, 90.9, 93.4, 109.5
Apr 10, 2022
1 minute read
Sales declined -4%
Last 5 quarters
19% 8% 20% 12% -4%
- Sales declined -4% in the fourth quarter to 19.6 million dollars -13% below our 22.4 million dollars forecast.
- This brings the average to 9% growth.
- We predict average growth of 4% in this next 12 months to bring sales to 23.4 million dollars in the fourth quarter 2022.
Costs down profit up
Last 5 quarters
-77% -76% -74% -73% -69%
- The cash cost ratio went from -73% to -69% profit from 4.2 to 7.5 million dollars in the fourth quarter on non cash gains.
- The average cost ratio is at -72% now.
- We use the average -72% cost ratio to predict a 1.4 million dollars profit in the fourth quarter 2022.
Cashflow much higher
Last 5 quarters million dollars
5.9, 2.2, 4.0, 4.6, 7.0
- Free cashflow went much higher from 4.6 to 7.0 million dollars in the fourth quarter with -2.1 million dollars investment spending.
- Average quarterly Cashflow is at 4.5 million dollars now.
- We assume lower -1.5 million dollars investment spending which with higher sales gives 5.2 million dollars Cashflow in the fourth quarter 2022.
Balance sheet lower leverage
Last 5 quarters million dollars
-3, 0, 5, 16, 18
- Cash declined 36 to 27 million dollars in the fourth quarter.
- Liabilities declined 20 to 9 million dollars so net cash improved 16 to 18 million dollars.
- With our forecast cashflow & a -25.1 million dollars equity payout 5.9 million dollars liabilities payment net cash will be 12 million dollars in 12 months time.
Capital paid improved, a 74% higher target price
Last 5 quarters million dollars
83.8, 88.5, 90.9, 93.4, 109.5
- MBSS 28 quarters capital paid improved 93.4 to 109.5 million dollars in the fourth quarter with -15.8 million dollars liabilities 0.0 million dollars equity & will be 129 million dollars in12 months time.
- At the current market value of 166 million dollars based on our forecasts it’s at 1.0 X assets with a 8 years payback & a 15% yield.
- Our cashflow forecast is 19 million dollars which means an 9 X valuation. A 15 X valuation gives a 74% higher target price 2,302 rupiah.